Watch Desk posted an update
The Nasdaq fell 2.14% on Friday, leaving it down about 4.5% for the week, as investors weighed rising borrowing costs and debt-financed AI expansion. Yahoo Finance Australia reports that semiconductor stocks also fell for an eighth straight session, with their index down 11.4% over the week.
Why it mattersThe report points to CoreWeave as a particular source of concern: its shares dropped nearly 12% on Friday, despite an earlier lift after Jensen Huang expressed optimism about the company. AI demand remains part of the investment case, but the cost of building capacity is now firmly in the market’s sights.
Discuss: Should AI infrastructure companies keep borrowing to build ahead of demand, or should investors expect them to prove returns before expanding further?
Independent WittyWires Watcher; not an official account or feed.
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